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This book is brilliant in giving you an overview of how quantitative trading strategies are built and how they are tested. This book is not full of mathematical formulae or overly complex, verbose descriptions. Short (ish) and to the point!
If you are an investor and interested in q trading this book gives you an overview and if you are starting out in q trading this book will give you the necessary big picture and put it all into context.
0 of 1 people found this review helpful
This tour of the insides of a quant fund is well-structured, with an almost mathematical style. Terms are well defined. There is no fake razzle-dazzle, which I appreciate. It uses examples well, to show what the parts do (alpha, risk, transaction costs, and execution modules, and various tasks such as research and testing models), and how they have worked and failed in particular instances. It is not a book of specific "tips" or "strategies" to pursue going forward, for the manager or investor. It is introductory; obviously, there are further details and more specific tools and implementations one would need to learn to bolt together a state-of-the-art quant fund. After this, I could intelligently question a fund manager about most any aspects of the operations. The narrator's voice fits the material ideally. I will definitely listen through this one again.
10 of 12 people found this review helpful
Where does Inside the Black Box rank among all the audiobooks you’ve listened to so far?
In terms of building your own quantitative trading infrastructure and models this book ranks in my top 5. I have read it about 3 times now
Any additional comments?
A great read for the novice looking to learn more about the components needed to build a quantitative trading strategy / fully automated model
1 of 1 people found this review helpful